REAL ESTATE PROCESS - WHAT TO EXPECT

Pre-Appraisal

An initial meeting to view your home for the purpose of the appraisal and to discuss your goals.

Appraisal

We present our submission to you which includes our appraisal, recommended method of sale and marketing strategy, and to answer any questions you may have. If you decide to sell your property though New Zealand Sotheby's International Realty, we will prepare a comprehensive listing document and authority with you. In addition to the listing document, we are legally required for AML (Anti Money Laundering) purposes to obtain copies of certain identity documents from you as the vendor. We may obtain additional documentation such as council files and LIM if required.

Pre-Settlement

Pre-settlement inspection for part of the Sales & Purchase agreement. We arrange and attend the inspection a few days before settlement to allow the purchaser to ensure that there are no changes to the property and that the chattels are in working order. Our pre-settlement statement is sent to your solicitor. You meet with your solicitor to sign the required documentation for the transfer of the title once the balance of the sale price is paid.

Unconditional Sale

Once conditions are met and the sale is considered ‘unconditional’, the deposit is then collected by New Zealand Sotheby's International Realty and lodged into our Trust Account. A sold sign is placed at your property.

Property Listing Launch

We will provide you with a marketing calendar outlining the proposed marketing and sales process for discussion with you. In summary this will include:

• Staging if required and photography

• Team Caravan - this is where all our local agents visit your home so they can help sell it

• Sale sign erected and flyers distributed in targeted areas

• Listing details on all websites and social media campaign

• Open homes including agreed dates and times

• Weekly vendor reports and meetings to keep you informed of progress

Offer Accepted

All paperwork is then sent to the respective solicitors for processing. We attend any required building inspections at your property. We then begin to work through conditions (if any) and liaise with solicitors to confirm all conditions are met.

Administration

We prepare draft tender/auction documents for your solicitors approval.

Offers and Negotiation

The sale process will differ depending on method of sale chosen e.g tender vs auction. Whatever the method selected, we will always endeavour to seek multiple offers on your property.

In the event of a pre-tender or pre-auction offer we will contact all prospective buyers to encourage multiple offers and similarly with the tender or auction. We prepare the Sale & Purchase Agreement for each offer by a purchaser.

With every offer that is presented, we are there to provide any explanation needed and to advise you on the best response. During the negotiation we keep you fully advised each step of the way.